Impact of Unemployment on Healthcare Insurance

The interpretation of unemployment statistics requires information on both unemployment and labor rend participation. For example, if the add of people participating in the run awayforce decreases, and the number of people out of work or seeking work remains the same, the unemployment rate will rise. People who ar unemployed people assume poorer physical and mental wellness than people who are employed. High unemployment rates usually mean that a big number of jobless workers and their families have lost their wellness policy coverage through their employer. Although employees have the opportunity to continue coverage at their own cost after they lose their job, virtually cannot afford to do so.

As health care costs and health indemnity costs rise, smaller employers cannot afford to provide insurance for their workers. In addition, larger employers may pass along either increase in premiums to their workers, making the coverage unaffordable to some. States facing compute crises can lead to cuts in the Medicaid programs and other state back up programs for the uninsured and chthonic insured. Research shows that working families account for round 80 percent of the uninsured. (Owcharenko & Moffit, 2003). These are families who work just now earn too much to qualify for Medicaid or state-sponsored programs, still dont make enough money to purchase either employer offered health insurance or individual health insurance coverage.

When you have a limited income, health check care is often hold backed. The delay in medical care increases the risk of complications and the advancement of health problems. Therefore, when the individual finally seeks medical care, the costs are ordinarily greater. The uninsured individual often cannot afford to pay for medical care. The under insured can afford health insurance, scarce the health insurance does not cover all charges and the under insured cannot afford any out-of-pocket expenses. As a result, cost shifting...

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